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The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019

S.I. 2019/177 · Made 1 February 2019 · Extends to United Kingdom

Up to date with all changes known to legislation.gov.uk, revised to 13 May 2026.

Exiting The European Union

Auditors

Made 1st February 2019

Coming into force in accordance with regulation 2

The Secretary of State makes these Regulations in exercise of the powers conferred by section 2(2) of the European Communities Act 1972 M1 (“the 1972 Act”), sections 15 and 17 of the Limited Liability Partnerships Act 2000 M2 (“the 2000 Act”), section 18A of the Companies (Audit, Investigations and Community Enterprise) Act 2004 M3 (“the 2004 Act”), sections 484(1), 519A(5), 1239(1)(b), (2) and (5)(d), 1241(2)(c), 1246(1), 1252(1), (4)(a) and (8) and 1292(1) and (2) of the Companies Act 2006 M4 (“the 2006 Act”) and sections 8(1) and 23(1) of, and paragraph 21 of Schedule 7 to, the European Union (Withdrawal) Act 2018 M5 (“the 2018 Act”).

The Secretary of State is a Minister designated M6 for the purposes of section 2(2) of the 1972 Act in relation to auditors and the audit of accounts.

In accordance with paragraph 2(2) of Schedule 2 to the 1972 Act, section 17(6) of the 2000 Act, section 18A(8) of the 2004 Act, sections 484(3), 1252(11) and 1290 of the 2006 Act, and paragraphs 1(1), 15 and 38(1) to (3) of Schedule 7 to the 2018 Act, a draft of this instrument has been laid before Parliament and approved by a resolution of each House of Parliament.

Annotations to the whole text

Marginal citations

M1

1972 c. 68. Section 2(2) was amended by section 27(1) of the Legislative and Regulatory Reform Act 2006 (c. 51) and by section 3 of, and Part 1 of the Schedule to, the European Union (Amendment) Act 2008 (c. 7).

M2

2000 c. 12.

M3

2004 c. 27.

M4

2006 c. 46.

M5

2018 c. 16.

M6

S.I. 2007/1679.

Contents

  1. Part 1: Introduction
  2. 1Citation and commencement
  3. 2Regulation 2
  4. Part 2: Amendment of primary legislation
  5. Chapter 1: Part 16 of the Companies Act 2006
  6. 3Amendment of Part 16 of the Companies Act 2006
  7. 4Regulation 4
  8. 4ARegulation 4A
  9. 5Regulation 5
  10. 6Regulation 6
  11. 7Regulation 7
  12. 8Regulation 8
  13. 9Regulation 9
  14. Chapter 2: Part 42 of the Companies Act 2006
  15. 10Amendment of Part 42 of the Companies Act 2006
  16. 11Regulation 11
  17. 12Regulation 12
  18. 13Regulation 13
  19. 14Regulation 14
  20. 15Regulation 15
  21. 16Regulation 16
  22. 17Regulation 17
  23. 18Regulation 18
  24. 19Regulation 19
  25. 20Regulation 20
  26. 21Regulation 21
  27. 22Regulation 22
  28. 23Regulation 23
  29. 24Regulation 24
  30. 25Regulation 25
  31. 26Regulation 26
  32. Chapter 3: Schedules 10, 11, 11A and 12 to the Companies Act 2006
  33. 27Amendment of Schedule 10 to the Companies Act 2006
  34. 28Regulation 28
  35. 29Regulation 29
  36. 30Regulation 30
  37. 31Regulation 31
  38. 32Regulation 32
  39. 33Amendment of Schedules 11, 11A and 12 to the Companies Act 2006
  40. 34Regulation 34
  41. 35Regulation 35
  42. 36Regulation 36
  43. Chapter 4: Amendment of other primary legislation
  44. 37Amendment of the Building Societies Act 1986
  45. 38Regulation 38
  46. 39Amendment of the Friendly Societies Act 1992
  47. 40Regulation 40
  48. 41Amendment of the Companies (Audit, Investigations and Community Enterprise) Act 2004
  49. 42Regulation 42
  50. 43Regulation 43
  51. 44Amendment of the Local Audit and Accountability Act 2014
  52. 45Regulation 45
  53. Part 3: Amendment of subordinate legislation
  54. 46Amendment of the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 2008
  55. 47Regulation 47
  56. 48Regulation 48
  57. 49Amendment of Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008
  58. 50Regulation 50
  59. 51Regulation 51
  60. 52Regulation 52
  61. 53Regulation 53
  62. 54Regulation 54
  63. 55Regulation 55
  64. 56Amendment of the Statutory Auditors (Amendment of Companies Act 2006 and Delegation of Functions etc) Order 2012
  65. 57Regulation 57
  66. 58Amendment of the Statutory Auditors and Third Country Auditors Regulations 2013
  67. 59Regulation 59
  68. 60Regulation 60
  69. 61Regulation 61
  70. 62Regulation 62
  71. 63Amendment of the Companies (Bodies Concerned with Auditing Standards etc.) (Exemption from Liability) Regulations 2016
  72. 64Regulation 64
  73. 65Amendment of the Statutory Auditors and Third Country Auditors Regulations 2016
  74. 66Regulation 66
  75. 67Regulation 67
  76. 68Regulation 68
  77. 69Regulation 69
  78. 70Regulation 70
  79. 71Regulation 71
  80. 72Regulation 72
  81. 73Regulation 73
  82. 74Regulation 74
  83. Part 4: Amendment of retained direct EU legislation
  84. 75Amendment of Regulation 537/2014
  85. 76Regulation 76
  86. 77Regulation 77
  87. 78Regulation 78
  88. 79Regulation 79
  89. 80Regulation 80
  90. 81Regulation 81
  91. 82Regulation 82
  92. 83Regulation 83
  93. 84Regulation 84
  94. 85Regulation 85
  95. 86Regulation 86
  96. 87Regulation 87
  97. 88Regulation 88
  98. 89Regulation 89
  99. 90Regulation 90
  100. 91Regulation 91
  101. 92Regulation 92
  102. 93Regulation 93
  103. 94Regulation 94
  104. 95Regulation 95
  105. 96Regulation 96
  106. 97Regulation 97
  107. 98Regulation 98
  108. 99Regulation 99
  109. 100Regulation 100
  110. 101Regulation 101
  111. 102Regulation 102
  112. 103Regulation 103
  113. 104Regulation 104
  114. Part 5: Amendments made under section 2(2) of the European Communities Act 1972
  115. 105Amendment of the Statutory Auditors and Third Country Auditors Regulations 2016
  116. 106Regulation 106
  117. 107Regulation 107
  118. Part 6: Approval of Equivalent Third Countries, Transitional Third Countries and Third Country Competent Authorities
  119. 108Approval of Equivalent Third Countries and Transitional Third Countries
  120. 109Approval of Third Country Competent Authorities
  121. Part 7: Revocations
  122. 110Revocation of retained direct EU legislation
  123. Part 8: Transitional provisions
  124. 111Transitional provisions
  125. Signature
  126. Schedule 1: Approval of Equivalent Third Countries and Transitional Third Countries
  127. 1Equivalent third countries
  128. 2Transitional third countries
  129. Schedule 2: Approval of Third Country Competent Authorities
  130. 1Approved third country competent authorities
  131. Schedule 3: Revocation of retained direct EU legislation
  132. 1Paragraph 1
  133. Schedule 4: Transitional provisions
  134. 1Paragraph 1
  135. 1AParagraph 1A
  136. 2Paragraph 2
  137. 3Paragraph 3
  138. 4Paragraph 4
  139. Explanatory note